GLENDALE, Calif., July 29, 2014 — (PRNewswire) — DreamWorks Animation SKG, Inc. (Nasdaq:
DWA) today announced financial results for its second quarter ended June 30, 2014. For the quarter, the Company reported total revenue of $122.3 million, a net loss attributable to the Company of $15.4 million, or a loss of $0.18 per share.

"How to Train Your Dragon 2 is the ninth highest-grossing film of the year so far on a worldwide basis and it has yet to be released in several significant international territories," said Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation. "It will be a highly profitable film for the Company and DreamWorks Dragons will remain a very valuable franchise for many years to come."

The feature film segment contributed revenue of $69.7 million and gross profit of $23.9 million to the second quarter.

How to Train Your Dragon 2, which was released theatrically on June 13, 2014, has reached $166 million at the domestic box office and $262 million at the international box office for a worldwide gross of $428 million to date. The film contributed feature film revenue of $2.6 million to the second quarter and remains in an un-recouped position with the Company's primary distributor.

Mr. Peabody & Sherman contributed feature film revenue of $1.5 million to the second quarter and remains in an un-recouped position with the Company's distributor.

Turbo contributed feature film revenue of $11.0 million to the second quarter, primarily from home entertainment and international pay television. The film reached an estimated 5.1 million home entertainment units sold worldwide through the end of the second quarter, net of actual and estimated future returns.

The Croods contributed feature film revenue of $25.5 million to the second quarter, primarily from international pay television. The film reached an estimated 7.4 million home entertainment units sold worldwide through the end of the second quarter, net of actual and estimated future returns.

Rise of the Guardians contributed feature film revenue of $2.0 million to the second quarter, primarily from home entertainment. The film reached an estimated 5.7 million home entertainment units sold worldwide through the end of the second quarter, net of actual and estimated future returns.

Library titles contributed feature film revenue of $27.1 million to the second quarter.

The Television segment contributed revenue of $20.0 million and gross profit of $1.2 million to the second quarter, primarily from Turbo F.A.S.T. on Netflix, Classic Media content and DreamWorks Dragons: Riders of Berk on Cartoon Network.

The Consumer Products segment contributed revenue of $18.5 million and gross profit of $7.3 million to the second quarter, mainly from the How to Train Your Dragon franchise.

The segment consisting of all other items contributed revenue of $14.1 million and gross profit of $2.3 million to the second quarter, primarily from AwesomenessTV.

The Company's second quarter 2014 results were impacted by the reduction of the contingent consideration related to its prior acquisition of AwesomenessTV. The estimated fair value of the contingent consideration was reduced by $7.2 million to $91.8 million and resulted in a gain of $0.09 per share in the quarter.

Costs of revenue for the second quarter equaled $87.5 million. Selling, general and administrative expenses totaled $54.6 million, including $2.9 million of stock-based compensation expense.

The Company's combined income tax expenses for the second quarter was approximately $900 thousand. The Company's combined effective tax rate, its actual tax rate coupled with the effect of a tax sharing agreement with a former stockholder, was approximately negative 6% for the second quarter.

The Company's third quarter 2014 results are expected to be driven primarily by its feature film segment, including How to Train Your Dragon 2's continued performance at the worldwide box office.

Items related to the earnings press release for the second quarter of 2014 will be discussed in more detail on the Company's earnings conference call later today.

Conference Call Information
DreamWorks Animation will host a conference call and webcast to discuss the results on Tuesday, July 29, 2014, at 4:30 p.m. (ET). Investors can access the call by dialing (800) 230-1074 in the U.S. and (612) 234-9960 internationally and identifying "DreamWorks Animation Earnings" to the operator. The call will also be available via live webcast at
ir.dreamworksanimation.com.

A replay of the conference call will be available shortly after the call ends on Tuesday, July 29, 2014. To access the replay, dial (800) 475-6701 in the U.S. and (320) 365-3844 internationally and enter 329950 as the conference ID number. Both the earnings release and archived webcast will be available on the Company's website at ir.dreamworksanimation.com.

About DreamWorks Animation
DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series and live entertainment properties, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. DreamWorks Animation has been named one of the "100 Best Companies to Work For" by FORTUNE® Magazine for five consecutive years. In 2013, DreamWorks Animation ranks #12 on the list. All of DreamWorks Animation's feature films are produced in 3D. The Company has theatrically released a total of 29 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda, How to Train Your Dragon, Puss In Boots and The Croods.

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Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.